8081 Congress AveBoca Raton, FL 33487

Property Details for 8081 Congress Ave

Year built

2004

Construction

CONCRETE

Lot size

3.07 AC

Property size (Sq ft)

24,069 SF

Zone code

M-3

Property type

Office buildings

APN

06-43-46-31-23-006-0000

APU

6434631230060000

Description

This exceptional 2,796 square foot office space is situated on the second floor of a vibrant mixed-use building at 8081 Congress Avenue in Boca Raton, Florida. The suite boasts a sophisticated double-door hardwood entrance leading to a welcoming reception area. Four private offices provide ample space for individual work, complemented by a large conference room ideal for meetings and collaborations. Additional features include a convenient storage closet, two half-walls/cubicles offering flexible workspace options, and a spacious open area perfect for additional workstations or collaborative projects. The building, constructed in 2004, is located in Palm Beach County and offers easy access to I-95 via the Congress Avenue entrance/exit ramp. This is a multi-tenant building with a total of 24,280 square feet. Ground floor amenities include a 12,000 square foot commissary and a small convenience store. The second floor also features 11,000 square feet of newly renovated office space with high ceilings and excellent views. A detached 10-pump gas station is also part of the property complex. This is a rare opportunity to lease a well-appointed office space in a dynamic and convenient location. The property is classified as an Executive Office, Coworking, and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $8,389,780

  6.5%

  $7,744,410

  7%

  $7,191,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,448,570

  Geo Method

  $6,448,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,878,500

  Retail / Commercial

  $7,701,740

  Mixed-Use / Specialty

  $7,731,130

  Hospitality / Lodging

  $5,746,100

  Institutional / Educational

  $8,057,580

  Residential Income

  $9,427,360

  Multifamily

  $10,991,500

  Automotive / Energy

  $6,906,490

  Parking / Income-Based Land

  $2,327,180

  Restaurant / Food Service

  $4,142,340

  Healthcare / Senior Housing

  $7,869,830

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.4209

Longitude

-80.0949

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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